Which of the Following Statements Does Not Correctly Describe an Adjustment

question 95

Multiple Choice

Which of the following statements does not correctly describe an adjustment to net income when determining cash flows from operating activities using the indirect method?

• A)An increase in wages payable will be added to net income.
• B)A gain on the sale of a depreciable asset will be subtracted from net income.
• C)An increase in prepaid expenses will be subtracted from net income.
• D)An increase in income taxes payable will be subtracted from net income.

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Definitions:

High-Status Exemplars

Influential individuals or models within a society or group, often looked up to for guidance or imitation due to their perceived higher status.

Racial Attitudes

The beliefs, feelings, and predispositions individuals hold towards people of other races, often influenced by societal, cultural, and personal experiences.

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, known for being the first African American to hold the office.

Attitudes

Psychological tendencies expressed by evaluating a particular entity with some degree of favor or disfavor, reflecting how one feels about, thinks about, and behaves toward some aspect of the environment.